We hit an ATH of about 1.1K USD, now we are marinating on the 400-380's. That's a big % of price decrease.
My question is: Has something ever recovered from such a loss? and has something ever doubled, tripled, cuadrupled a similar ATH? Show me the graphs, because I can't think of any past events. This is the true test for Bitcoin. It has to surpass the ATH to demonstrate it's trully unprecedented.
bitcoin itself has seen worse than this and recovered.
the past of bitcoin is probably the best to compare it to.